Co-founders can be overrated. Having a co-founder can bring a ton to the table, but it can also be a disaster of significant proportions. Disagreements happen. Goals change. Businesses pivot. And when things go south, they can really go south. Where I've seen it work? If you have clear alignment on core values. This is the case almost 100% of the time. My co-founder at my first SaaS startup and I were in lock step as a result of being in full alignment on value system. It created stability. As I gear up for my next startup, I and my new business partner front loaded our discovery with a focus on value identification and alignment. I'd add it was something I was extremely conscious of before 'jumping in bed'. It was for him too. Take the necessary time to understand each other. Dig deep. Have that inform fit. Its values, in my opinion, that will carry you through the inevitable tough times that litter the startup journey. Go in, eyes wide open. And stay grounded with shared values. Happy Monday, ya’ll.
Great advice Alex Kottoor! I've experienced both sides and in the case where it didn't work out, you're so right -- a case of misaligned fundamental values that I didn't go deep enough on in advance.
It's not easy to find someone aligning with you. But remember this - be open. - share your values. - communicate well. - be open to feedback. - let their voice be heard.
Being cofounders is like marriage. You share the good and the bad and if you are misaligned it could end the business. I think founders should keep their eyes open for that special someone without forcing it.
Shared values are VITAL to the process. Living those values, holding each other to those values, and letting them be your North Star. 💫
Selecting the right co-founder is crucial. Your choice will have a tremendous impact on every aspect of your business. Luckily, I've been running my own with my brother. Although it's not easy at all, I'm satisfied because we trust each other.
Gotta share this with my co-founder! 🧐😉💯 Great piece of content Alex Kottoor
Love this, Alex! 🌟 Finding someone who shares your core values is like striking gold in the startup world. Here's to your next adventure being even more aligned and successful!
Absolutely, alignment on core values is like the compass that guides us through storms and keeps the ship steady. Looking forward to our partnership my friend. Happy Monday!
Well said, Alex! But… most importantly, what’s your next start up that you’re ‘gearing towards’?
Entrepreneurial Growth Strategist | HealthTech Executive | Startup Advisor | Podcast Host
8moAlex Kottoor make or break relations need to be addressed upfront